Pakistan Company News – Financial results of Bank AL-Habib Limited for Quarter ended June 30, 2018

Financial results of Bank AL-Habib Limited for Quarter ended June 30, 2018

Karachi, Bank AL-Habib Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 16, 2018.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended June 30, 2018 which portrayed a profit of Rs. 2,113,432 and Rs. 2,144,365 with earnings per share 1.90 and 1.93 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Bank Al-Habib Limited is a banking company incorporated in Pakistan on October 15, 1991 as a public limited company under the Companies Ordinance, 1984. It is a scheduled bank principally engaged in the business of commercial banking. The registered office of the company is located in Multan and the principle place of business is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The bank has a network of 320 branches, 96 sub-branches and 3 representative offices. The branch network of the bank includes a wholesale branch in the Kingdom of Bahrain, a branch in Karachi Export Processing Zone and 17 Islamic Banking Branches. The bank has also invested in 66.67% shares of Al-Habib Capital Markets Private Limited.

The symbol “BAHL” is being used by the stock exchanges for the shares of Bank Al-Habib Limited.